Partial relinquishment report for EL 30381 and EL 30382, Karinga Lakes Potash Project, 16 March 2015 to 21 November 2016

Abstract

The Karinga Lakes Potash Project is one of many in which Rum Jungle Resources is involved across three Australian jurisdictions. All the projects are targeting salt lakes and sub-surface aquifers that contain potassium and magnesium-rich sulphate brines. Potash and/or schoenite fertiliser can be produced by simple staged solar evaporation and flotation and /or other onsite treatments. Karinga Lakes is one of several Rum Jungle Resources' projects that have JORC brine resources drilled-up by the company since 2010. Karinga remains the most advanced of these projects. Major desktop evaluations were undertaken of the largest EL's in the Karinga project, namely EL 30381 and EL 30882. It was decided to partially relinquish almost all of the ground in these EL's, retaining only 4 (four) and 8 (eight) blocks respectively contiguous with other EL's in the project.